Elgin Sweeper Co. v. Melson Inc.

DECISION AND ORDER

SCULLIN, District Judge.

INTRODUCTION

This case involves a number of claims of intentional and constructive fraud under the New York Debtor & Creditor law, as well as claims of breach of contract and fiduciary duty, arising out of a bank loan and a series of intercompany transfers and defaulted obligations. Plaintiff initiated this action alleging that a subsidiary of the defendant Melson Incorporated entered into a transaction without fair consideration, rendering the subsidiary insolvent and intentionally defrauding the plaintiff. This matter is before the court on…